The Fourth of July is just ahead – a chance for us all to get together and celebrate what makes America so special.

As Americans, we have the liberty to act, speak, think, and worship freely. This precious liberty was fought for, and it has been upheld for more than two centuries, at great cost. As we enjoy the holiday, it is worth remembering that we live in a nation like no other, born from a brave and courageous vision and sustained by those who believe in the American dream. When those spectacular fireworks go off on the Fourth, they remind us that we are so lucky to live in this spectacular country.

Let’s hear it for the dads, the ones who help us grow, give us guidance, and look out for us in a million different ways. In celebration of Father’s Day, here are some of the ways you can honor the father-figures in your life:

• Tell the dads in your life how much you appreciate them
• Look through old pictures or home videos with your father, or a father-figure
• If your own father has passed, keep their memory close by sharing a cherished story about them with a friend or loved one

If you’re a father yourself, thank you. In small ways and big ways, you’ve helped make this world a better place for all of us. Wishing you and your family a very special Father’s Day.

Memorial Day is a time for Americans to honor and remember those who lost their lives while serving in the armed forces. Veterans will think back on the men and women who served alongside them who gave the ultimate sacrifice for their country and know that we honor and remember them.

Let’s not forget the essential meaning of the holiday. The service and sacrifice of these men and women should always be remembered — on this day and every day.

The December inflation report had some encouraging news. It showed that consumer prices trended lower for the month, but more importantly, it confirmed that overall prices have been trending lower for the past six months.

Now the ball is in the Fed’s court. The Fed Governors need to determine how much further they need to go with higher interest rates, which have been used to slow the economy and tame inflation.

After the inflation report was released, traders quickly adjusted their outlook for what the Fed will do next.

In the table, you can see the traders now see short-term rates reaching a high of between 4.75% and 5% in 2023. Late last year, some feared that the “terminal” rate would be over 5%. Today, rates are between 4.25% and 4.5%

After reviewing inflation and other economic data, if the Fed concludes that it’s time to pivot on monetary policy, that decision would be expected to influence both the stock and bond markets. I’m keeping an eye on what’s going on with the Fed and will continue to provide you updates.

Thanksgiving is a time to appreciate what we value most, a time to cherish the many gifts we have, and the people that make life special. We can also be thankful that we live in a great country known for its prosperity and abundance.
As you gather to enjoy some good food and good company this holiday, I will be thinking of you. I’m thankful that you have selected us as the financial professional to help you plan your future. We wish you the very best this holiday.